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It’s Not Over: Social Inflation Will Be Around for Some Time
Social inflation has become the industry's most talked about subject in recent quarters. The frequency and severity of tort claims has increased, and insurers have had to add to prior-year reserves ...
What Executives Need to Know About Predictive Analytics in 2020
By this time, most leaders in the insurance industry have heard of using predictive analytics to study previous patterns that can help businesses understand what could happen in the future. However, ...
The New IoT Insurance Wave: Small Commercial!
The growth of the Internet of Things (IoT) is a relevant trend for our hyper-connected society. A few years ago it was estimated that on a normal day, 127 new devices were connecting to the Internet ...
VC Funding Could Dry Up, InsurTech Exec Says
The days of VC funds and strategic investors throwing money at InsurTechs may be numbered, an InsurTech executive warned fellow startup leaders late last year during a presentation at an InsurTech ...
Carrier Challenge: Adopting AI Quickly Enough
The adoption of artificial intelligence is having a profound impact on many industries, including insurance. As it becomes more common, AI will also allow insurers to introduce new products, ...
Will Emotion AI Make Human P/C Claims Adjusters Obsolete?
Renowned machine learning researcher and New York Times bestselling author Kai-fu Lee has described the era we are living in as "the age of implementation," a time period during which artificial ...
3 Veteran Insurance Business Founders Share What They’ve Learned
When Christopher Cavallaro co-founded ARC Excess & Surplus LLC alongside Albert Salvatico and Richard Fierstein in April of 1986, they began the company with $90,000 of their own money. "I don't ...
Carrier Executive Viewpoint: Why We Should Get Involved in Tech User Groups
Today's technology user groups are booming. Independent agency principals, producers, tech staff and customer service representatives all see value when they join peers in gaining and sharing ...